The Real Deal Miami

Biggest price cut of the day

March 16, 2010 05:06PM

300 South Pointe Drive in Portofino Tower

The South Florida home to see the biggest price cut today is a four-bedroom, four-bathroom condo at 300 South Pointe Drive in Portofino Tower in Miami Beach, according to data from Condo Vultures Realty. The $5.25 million Miami-Dade County home saw a $749,000, or 12 percent, price cut off its last asking price of $6 million. It was originally listed for $6.5 million when it hit the market in February 2009, before the last price cut in August 2009. The 4,100-square-foot duplex penthouse has bay and city views, a formal dining room and a media room. Jorge Sanchez of One Sotheby’s International Realty has the listing. (Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD